NJR RSI Chart
Last 7 days
5.2%
Last 30 days
3.3%
Last 90 days
4.2%
Trailing 12 Months
-18.3%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 2.7B | 2.4B | 2.0B | 1.7B |
2022 | 2.5B | 2.7B | 2.9B | 3.0B |
2021 | 2.0B | 2.0B | 2.2B | 2.4B |
2020 | 2.2B | 2.0B | 2.0B | 1.8B |
2019 | 2.9B | 2.8B | 2.6B | 2.4B |
2018 | 2.7B | 2.8B | 2.9B | 3.0B |
2017 | 2.1B | 2.2B | 2.3B | 2.4B |
2016 | 1.9B | 1.8B | 1.9B | 2.0B |
2015 | 3.1B | 2.9B | 2.7B | 2.4B |
2014 | 4.0B | 3.9B | 3.7B | 3.7B |
2013 | 2.7B | 3.0B | 3.2B | 3.3B |
2012 | 2.6B | 2.4B | 2.2B | 2.3B |
2011 | 2.8B | 3.0B | 3.0B | 2.9B |
2010 | 2.6B | 2.6B | 2.6B | 2.7B |
2009 | 0 | 3.2B | 2.6B | 2.6B |
2008 | 0 | 0 | 3.8B | 0 |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Mar 12, 2024 | migliaccio patrick j. | sold | -128,130 | 42.71 | -3,000 | senior vp and coo, njng |
Jan 24, 2024 | taylor sharon c | acquired | 108,936 | 41.69 | 2,613 | - |
Jan 24, 2024 | hardwick m susan | acquired | 108,936 | 41.69 | 2,613 | - |
Jan 24, 2024 | degraffenreidt james h jr | acquired | 108,936 | 41.69 | 2,613 | - |
Jan 24, 2024 | o'sullivan michael a | acquired | 108,936 | 41.69 | 2,613 | - |
Jan 24, 2024 | harvey peter c | acquired | 22,262 | 41.69 | 534 | - |
Jan 24, 2024 | kenny jane m | acquired | 108,936 | 41.69 | 2,613 | - |
Jan 04, 2024 | shea jacqueline k | sold (taxes) | -26,829 | 45.32 | -592 | svp, chief information officer |
Jan 04, 2024 | taylor sharon c | acquired | 137,727 | 45.32 | 3,039 | - |
Jan 04, 2024 | kenny jane m | acquired | 132,878 | 45.32 | 2,932 | - |
Which funds bought or sold NJR recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
Apr 23, 2024 | Louisiana State Employees Retirement System | added | 3.28 | -7,139 | 1,214,350 | 0.02% |
Apr 23, 2024 | AMALGAMATED BANK | reduced | -13.52 | -445,000 | 2,209,000 | 0.02% |
Apr 23, 2024 | NEW MEXICO EDUCATIONAL RETIREMENT BOARD | unchanged | - | -33,000 | 850,000 | 0.03% |
Apr 23, 2024 | GODSEY & GIBB, INC | unchanged | - | -586 | 15,062 | -% |
Apr 23, 2024 | Global Retirement Partners, LLC | unchanged | - | 24.00 | 1,373 | -% |
Apr 23, 2024 | FIFTH THIRD BANCORP | added | 12.69 | 2,916 | 37,332 | -% |
Apr 22, 2024 | RAYMOND JAMES & ASSOCIATES | reduced | -17.79 | -458,105 | 1,736,670 | -% |
Apr 22, 2024 | MetLife Investment Management, LLC | reduced | -0.82 | 375,938 | 4,638,590 | 0.03% |
Apr 22, 2024 | Byrne Asset Management LLC | unchanged | - | -575 | 13,946 | 0.01% |
Apr 22, 2024 | Raymond James Financial Services Advisors, Inc. | added | 17.92 | 230,416 | 1,936,630 | -% |
Unveiling New Jersey Resources Corp's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to New Jersey Resources Corp)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
AEP | 44.8B | 19.0B | 20.26 | 2.36 | ||||
AWK | 23.6B | 4.2B | 25.04 | 5.58 | ||||
AEE | 19.9B | 7.5B | 17.2 | 2.65 | ||||
ATO | 17.9B | 3.9B | 19.35 | 4.53 | ||||
NRG | 15.1B | 28.8B | -74.78 | 0.52 | ||||
AGR | 14.3B | 8.3B | 18.22 | 1.72 | ||||
AES | 12.3B | 12.7B | 61.84 | 0.97 | ||||
CPK | 2.3B | 670.6M | 26.95 | 3.5 | ||||
MID-CAP | ||||||||
PNW | 8.5B | 4.7B | 16.3 | 1.8 | ||||
ALE | 3.4B | 1.9B | 13.93 | 1.83 | ||||
AVA | 2.8B | 1.7B | 16.25 | 1.6 | ||||
SMALL-CAP | ||||||||
CWCO | 392.1M | 180.2M | 13.18 | 2.18 | ||||
CDZI | 150.2M | 2.0M | -4.78 | 74.74 | ||||
VIA | 34.9M | 436.8M | 2.33 | 0.08 | ||||
CREG | 9.4M | - | -12.58 | 12.3 |
New Jersey Resources Corp News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | 41.0% | 467 | 331 | 264 | 644 | 724 | 765 | 552 | 912 | 676 | 533 | 368 | 802 | 454 | 400 | 299 | 640 | 615 | 479 | 435 | 866 | 812 |
Costs and Expenses | 24.1% | 331 | 267 | 259 | 479 | 551 | 685 | 523 | 773 | 519 | 529 | 395 | 601 | 343 | 357 | 316 | 541 | 510 | 476 | 439 | 789 | 723 |
Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 487 | 439 | 789 | 723 |
EBITDA Margin | 8.8% | 0.32* | 0.30* | 0.25* | 0.23* | 0.20* | 0.19* | 0.18* | 0.17* | 0.20* | 0.20* | 0.23* | 0.24* | - | - | - | - | - | - | - | - | - |
Interest Expenses | -5.0% | 31.00 | 33.00 | 30.00 | 30.00 | 29.00 | 26.00 | 21.00 | 19.00 | 19.00 | 20.00 | 19.00 | 20.00 | 20.00 | 17.00 | 15.00 | 19.00 | 16.00 | 9.00 | 12.00 | 13.00 | 13.00 |
Income Taxes | 269.0% | 23.00 | 6.00 | -20.50 | 31.00 | 33.00 | 12.00 | 4.00 | 29.00 | 31.00 | -4.43 | -18.78 | 39.00 | 17.00 | 11.00 | -6.77 | 16.00 | 16.00 | 30.00 | -1.94 | -2.95 | -6.96 |
Earnings Before Taxes | 163.0% | 111 | 42.00 | -19.67 | 140 | 148 | 65.00 | 13.00 | 124 | 142 | -6.10 | -41.38 | 186 | 96.00 | 39.00 | -29.28 | 87.00 | 89.00 | -0.79 | -13.84 | 67.00 | 76.00 |
EBT Margin | 1.2% | 0.16* | 0.16* | 0.14* | 0.14* | 0.12* | 0.12* | 0.10* | 0.09* | 0.12* | 0.11* | 0.14* | 0.15* | - | - | - | - | - | - | - | - | - |
Net Income | 141.5% | 89.00 | 37.00 | 2.00 | 110 | 116 | 55.00 | 13.00 | 96.00 | 111 | -1.13 | -111 | 150 | 81.00 | 33.00 | -19.30 | 74.00 | 76.00 | -12.03 | -13.08 | 74.00 | 75.00 |
Net Income Margin | 3.5% | 0.14* | 0.13* | 0.12* | 0.11* | 0.09* | 0.09* | 0.08* | 0.04* | 0.06* | 0.05* | 0.07* | 0.12* | - | - | - | - | - | - | - | - | - |
Free Cashflow | -49.0% | 46.00 | 91.00 | -47.90 | 339 | -181 | -5.07 | -187 | 275 | -130 | -43.52 | -107 | 232 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | 3.2% | 6,749 | 6,537 | 6,313 | 6,296 | 6,610 | 6,261 | 6,162 | 5,870 | 5,981 | 5,722 | 5,409 | 5,425 | 5,397 | 5,316 | 5,282 | 5,155 | 5,095 | 4,158 | 4,123 | 4,090 | 4,477 |
Current Assets | 27.2% | 677 | 532 | 520 | 616 | 1,012 | 756 | 740 | 556 | 760 | 634 | 518 | 535 | 609 | 622 | 521 | 501 | 693 | 512 | 510 | 605 | 1,050 |
Cash Equivalents | 187.1% | 3.00 | 1.00 | 1.00 | 27.00 | 2.00 | 1.00 | 28.00 | 14.00 | 1.00 | 5.00 | 5.00 | 58.00 | 22.00 | 119 | 43.00 | 26.00 | 4.00 | 4.00 | 26.00 | 83.00 | 8.00 |
Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,041 | 2,901 | 2,789 | 2,710 |
Current Liabilities | 19.3% | 962 | 807 | 669 | 711 | 1,066 | 1,104 | 969 | 882 | 1,098 | 1,051 | 614 | 416 | 519 | 534 | 902 | 824 | 806 | 446 | 582 | 584 | 999 |
Short Term Borrowings | 6.6% | 269 | 252 | 145 | 188 | 464 | 424 | 370 | 302 | 488 | 377 | 176 | 9.00 | 134 | 125 | 553 | 467 | 391 | 25.00 | 99.00 | 46.00 | 372 |
Long Term Debt | -1.0% | 2,739 | 2,768 | 2,729 | 2,642 | 2,691 | 2,485 | 2,525 | 2,319 | 2,274 | 2,162 | 2,222 | 2,265 | 2,265 | 2,259 | 1,665 | 1,577 | 1,538 | 1,537 | 1,212 | 1,180 | 1,185 |
Shareholder's Equity | 3.8% | 2,066 | 1,991 | 1,995 | 2,001 | 1,923 | 1,817 | 1,769 | 1,784 | 1,717 | 1,631 | 1,682 | 1,822 | 1,698 | 1,644 | 1,612 | 1,655 | 1,608 | 1,382 | 1,572 | 1,569 | 1,497 |
Retained Earnings | 4.1% | 1,226 | 1,178 | 1,182 | 1,218 | 1,146 | 1,068 | 1,051 | 1,072 | 1,011 | 935 | 971 | 1,114 | 997 | 948 | 1,137 | 1,194 | 1,135 | 906 | 1,086 | 1,121 | 1,073 |
Additional Paid-In Capital | 4.3% | 583 | 559 | 555 | 530 | 528 | 520 | 519 | 518 | 513 | 503 | 499 | 497 | 493 | 492 | 492 | 494 | 494 | 291 | 290 | 283 | 278 |
Shares Outstanding | 0.6% | 98.00 | 98.00 | 97.00 | 97.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | 96.00 | - | - | - | - | - | - | - | - | - |
Float | - | - | - | - | 5,138 | - | - | - | 4,389 | - | - | - | 3,825 | - | - | - | 3,249 | - | - | - | 4,364 | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | -49.0% | 46.00 | 91.00 | 45.00 | 432 | -88.95 | 88.00 | -94.57 | 368 | -37.41 | 49.00 | -14.49 | 325 | 32.00 | 31.00 | 4.00 | 222 | -43.06 | 28.00 | -6.00 | 277 | -104 |
Cashflow From Investing | 29.1% | -113 | -160 | -116 | -116 | -145 | -155 | -138 | -132 | -164 | -192 | -184 | -136 | -108 | -103 | -139 | -256 | -494 | -182 | -147 | 136 | -93.68 |
Cashflow From Financing | -0.8% | 69.00 | 70.00 | 45.00 | -291 | 236 | 42.00 | 245 | -222 | 198 | 143 | 146 | -153 | -17.60 | 147 | 153 | 45.00 | 551 | 131 | 97.00 | -337 | 205 |
Dividend Payments | 7.9% | 41.00 | 38.00 | 38.00 | 41.00 | 35.00 | 32.00 | 32.00 | 32.00 | 32.00 | 27.00 | 29.00 | 29.00 | 32.00 | 31.00 | 30.00 | 30.00 | 27.00 | 26.00 | 26.00 | 26.00 | 26.00 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
---|---|---|
Dec. 31, 2023 | Dec. 31, 2022 | |
OPERATING REVENUES | ||
Utility | $ 293,093 | $ 357,409 |
Nonutility | 174,117 | 366,158 |
Total operating revenues | 467,210 | 723,567 |
Natural gas purchases: | ||
Related parties | 1,879 | 1,827 |
Operation and maintenance | 94,439 | 79,501 |
Regulatory rider expenses | 19,189 | 18,251 |
Depreciation and amortization | 40,287 | 36,683 |
Total operating expenses | 331,391 | 550,778 |
OPERATING INCOME | 135,819 | 172,789 |
Other income, net | 6,341 | 4,655 |
Interest expense, net of capitalized interest | 31,473 | 29,491 |
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES | 110,687 | 147,953 |
Income tax provision | 22,936 | 32,978 |
Equity in earnings of affiliates | 1,660 | 946 |
NET INCOME | $ 89,411 | $ 115,921 |
EARNINGS PER COMMON SHARE | ||
Basic (usd per share) | $ 0.91 | $ 1.20 |
Diluted (usd per share) | $ 0.91 | $ 1.19 |
WEIGHTED AVERAGE SHARES OUTSTANDING | ||
Basic (in shares) | 97,869 | 96,485 |
Diluted (in shares) | 98,563 | 97,083 |
Utility | ||
Natural gas purchases: | ||
Gas purchases - Utility and Nonutility | $ 116,120 | $ 182,446 |
Nonutility | ||
Natural gas purchases: | ||
Gas purchases - Utility and Nonutility | $ 59,477 | $ 232,070 |
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2023 | Sep. 30, 2023 |
---|---|---|
PROPERTY, PLANT AND EQUIPMENT | ||
Utility plant, at cost | $ 3,927,578 | $ 3,843,037 |
Construction work in progress | 230,603 | 237,428 |
Nonutility plant and equipment, at cost | 1,784,035 | 1,767,306 |
Construction work in progress | 153,541 | 142,768 |
Total property, plant and equipment | 6,095,757 | 5,990,539 |
Accumulated depreciation and amortization, utility plant | (732,326) | (714,087) |
Accumulated depreciation and amortization, nonutility plant and equipment | (266,896) | (254,397) |
Property, plant and equipment, net | 5,096,535 | 5,022,055 |
CURRENT ASSETS | ||
Cash and cash equivalents | 2,739 | 954 |
Customer accounts receivable | ||
Billed | 170,472 | 97,540 |
Unbilled revenues | 91,931 | 19,100 |
Allowance for doubtful accounts | (8,847) | (11,036) |
Regulatory assets | 76,728 | 73,587 |
Natural gas in storage, at average cost | 193,742 | 199,501 |
Materials and supplies, at average cost | 30,833 | 27,022 |
Prepaid expenses | 15,535 | 9,741 |
Prepaid and accrued taxes | 22,860 | 43,046 |
Derivatives, at fair value | 37,771 | 30,755 |
Restricted broker margin accounts | 19,331 | 20,796 |
Other current assets | 23,863 | 21,071 |
Total current assets | 676,958 | 532,077 |
NONCURRENT ASSETS | ||
Investments in equity method investees | 103,268 | 104,134 |
Regulatory assets | 581,907 | 584,830 |
Operating lease assets | 175,864 | 175,740 |
Derivatives, at fair value | 1,178 | 1,564 |
Software costs | 9,105 | 8,375 |
Deferred income taxes | 22,903 | 28,383 |
Postemployment employee benefit assets | 18,651 | 18,684 |
Other noncurrent assets | 62,679 | 61,654 |
Total noncurrent assets | 975,555 | 983,364 |
Total assets | 6,749,048 | 6,537,496 |
CAPITALIZATION | ||
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding shares December 31, 2023 — 98,202,255; September 30, 2023 — 97,584,455 | 245,009 | 243,458 |
Premium on common stock | 582,551 | 558,654 |
Accumulated other comprehensive loss, net of tax | (9,564) | (9,959) |
Treasury stock at cost and other; shares December 31, 2023 — 15,710; September 30, 2023 — 13,041 | 22,136 | 20,748 |
Retained earnings | 1,226,069 | 1,177,834 |
Common stock equity | 2,066,201 | 1,990,735 |
Long-term debt | 2,738,997 | 2,768,017 |
Total capitalization | 4,805,198 | 4,758,752 |
CURRENT LIABILITIES | ||
Current maturities of long-term debt | 219,627 | 116,155 |
Short-term debt | 268,650 | 252,100 |
Natural gas purchases payable | 76,178 | 51,277 |
Natural gas purchases payable to related parties | 857 | 859 |
Deferred revenue | 118,519 | 61,404 |
Accounts payable and other | 105,627 | 151,790 |
Dividends payable | 41,175 | 40,981 |
Accrued taxes | 10,799 | 10,090 |
Regulatory liabilities | 30,344 | 32,287 |
New Jersey Clean Energy Program | 14,382 | 15,804 |
Derivatives, at fair value | 13,196 | 16,145 |
Operating lease liabilities | 4,798 | 4,772 |
Restricted broker margin accounts | 12,419 | 8,029 |
Customers' credit balances and deposits | 45,461 | 44,910 |
Total current liabilities | 962,032 | 806,603 |
NONCURRENT LIABILITIES | ||
Deferred income taxes | 299,454 | 285,427 |
Deferred investment tax credits | 2,365 | 2,434 |
Deferred revenue | 635 | 659 |
Derivatives, at fair value | 7,464 | 7,967 |
Manufactured gas plant remediation | 165,315 | 169,390 |
Postemployment employee benefit liability | 102,482 | 102,528 |
Regulatory liabilities | 179,638 | 180,458 |
Operating lease liabilities | 148,849 | 148,023 |
Asset retirement obligation | 62,435 | 61,993 |
Other noncurrent liabilities | 13,181 | 13,262 |
Total noncurrent liabilities | 981,818 | 972,141 |
Commitments and contingent liabilities (Note 13) | ||
Total capitalization and liabilities | 6,749,048 | 6,537,496 |
Related Party | ||
CURRENT LIABILITIES | ||
Natural gas purchases payable to related parties | $ 857 | $ 859 |